And So I Go: Yesterday, Today and Tomorrow

Republican Sellout Watch

Posted on: January 8, 2011

Republican Sellout Watch | Cato @ Liberty.

As most of you know I was royally peed off when the lame duck

Republicans caved and gave Obama everything  and more. Those miserable whimps!  So now we have come to the new House and the new Republicans and I am afraid to hope.  the first problems is the debt ceiling and raising it.  I say NO! NO! NO!  Let our so-called credit rating fail.  Not one thing  will happen to the life of Brenda B or Joe Blow.  the only thing that will happen is that maybe the rest of the world will have to find some other soft touch country to extort billions from year after year.  Maybe it will mean our politicians in Washington will not be able to take their little all expense paid overseas junkets and be sucked up to in order to sucker these political thieves into giving up more billions of our money to pay the host countries for their free golf holidays.  Abut aside from that the world will not end!

 

What may happen is that our politicians will have to get serious bout cutting or the government will shut down.  Frankly I personally could easily see the country getting by with out the Education Department for half a year or forever.  then there is the Transportation Department that I fail to see any real need for. Perhaps some politicians in congress can google “ineffective government programs” like I did and find 341,000 entries.  This would be a good place to start in making cuts!

 

So here I sit watching the big whigs and experts and good old boys tell me again and again how we can not allow the United States to hit bottom by not lifting the Debt Ceiling.  I say a big BS to you all.  BB

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Republican Sellout Watch

Posted by Daniel J. Mitchell

Grousing about the GOP’s timidity in the battle against big government will probably become an ongoing theme over the next few months. Two items don’t bode well for fiscal discipline.

First, it appears that Republicans didn’t really mean it when they promised to cut $100 billion of so-called discretionary spending as part of their pledge. According to the New York Times,

As they prepare to take power on Wednesday, Republican leaders are scaling back that number by as much as half, aides say, because the current fiscal year, which began Oct. 1, will be nearly half over before spending cuts could become law.

This is hardly good news, particularly since the discretionary portion of the budget contains entire departments, such as Housing and Urban Development, that should be immediately abolished.

That being said, I don’t think this necessarily means the GOP has thrown in the towel. The real key is to reverse the Bush-Obama spending binge and put the government on some sort of diet so that the federal budget grows slower than the private economy. I explain in this video, for instance, that it is simple to balance the budget and maintain tax cuts so long as government spending grows by only 2 percent each year.

It is a good idea to get as much savings as possible for the remainder of the 2011 fiscal year, to be sure, but the real key is the long-run trajectory of federal spending.

The second item is the GOP’s apparent interest in retaining Douglas Elmendorf, the current director of the Congressional Budget Office.

Many of you will remember that the CBO cooked the books last year to help ram through Obamacare. Under Elmendorf’s watch, CBO also was a relentless advocate and defender of Obama’s failed stimulus. And CBO under Elmendorf published reports saying higher taxes would improve economic performance.

But Elmendorf’s statist positions apparently are not a problem for some senior Republicans, as reported by The Hill.

The new House Budget Committee chairman, Rep. Paul Ryan (R-Wis.), gave a very public endorsement of the embattled head of the Congressional Budget Office during his first major speech as committee head Wednesday night. …“You’re doing a great job at CBO, Doug,” Ryan said after receiving the first annual Fiscy Award for his efforts at tackling the national debt. He added that he looked forward to crunching budget numbers with him in the future.

In the long run, the failure to deal with the problems at CBO (as well as the Joint Committee on Taxation) may cause even more problems than the timidity about cutting $100 billion of waste from the 2011 budget. Given the rules on Capitol Hill, it makes a huge difference whether CBO and JCT are putting out flawed numbers.

I’ve already written that fixing the mess at CBO and JCT is a critical test of GOP resolve, and I actually thought this would be a relatively easy test for them to pass. It is an ominous sign that Republicans aren’t even trying to clean house.

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